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The Markets
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Manufacturing & engineering

Next Fifteen Communications' robust financial performance allows it to repay £1.4mln of furlough cash

The communications group has traded well during the pandemic

Next Fifteen Communications PLC (LON:NFC) said it will repay £1.4mln of cash received from the government furlough scheme - reflecting its strong trading and robust balance sheet.

Its performance for the year ended January 31 was in line with upgraded market expectations, investors were told Tuesday, while its cash position as at that date was higher than the group anticipated at £14mln.

The digital communications specialist will announce its preliminaries on April 13.

The company is a ‘family’ of marketing businesses spanning digital content, PR, consumer, technology, marketing software, market research, public affairs and policy communications. Customers include M&S, Nike and Samsung.

Reflecting the robustness of the business over the pandemic, Next Fifteen has raised earnings guidance three times in the financial year just gone.

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